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ISLAMABAD: The value of assets owned by Prime Minister Nawaz Sharif continued to decline for a second consecutive year, dipping below the level they stood at in 2013.

The prime minister owned assets worth Rs 261.6 million in 2012, but that saw a six-fold increase and reached Rs 1.82 billion in 2013 — the first year of his third stint as the country’s chief executive, making him a declared billionaire for the first time.

In 2014, his assets crossed the two billion-mark, but in 2015 declined slightly to Rs1.96bn. Earlier in 2011, he owned assets worth Rs166m.

According to the statements of assets of lawmakers, released by the Election Commission of Pakistan (ECP) on Thursday, the value of his assets has further declined to Rs1.72bn in the year that ended on June 30, 2016.

ECP releases lawmakers’ assets details; PTI chief doesn’t have a vehicle in his name

The prime minister continued to receive colossal remittances from his elder son Hussain Nawaz in the past four years. The year 2013 was the only time in four years where an amount below Rs200m was remitted to PM Sharif, who received Rs197.5m in 2013, Rs239m in 2014 and Rs215m in 2015. The latest statement shows he received Rs234m from his son in 2016.

Mr Sharif owns a Toyota Land Cruiser, gifted to him by an unspecified individual, as well as two Mercedes cars.

The house he lives in is owned by his mother and he has multiple foreign and local currency accounts, huge swathes of agricultural land and investments in industrial units such as sugar, textile and paper mills.

PM Sharif declared in 2015 for the first time ownership of birds and animals worth Rs2m, which are valued at Rs5m.

The Sharif family’s estate in Raiwind is priced at Rs4m, while his property in Lahore’s Upper Mall area is said to be worth over Rs250m.

Imran Khan

The asset statement of his arch-rival, Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan also shows a similar trend. Mr Khan owns assets worth over Rs1.4bn, indicating a whopping increase over the last five years, from a meagre Rs22.9m in 2012, when he also had liabilities worth Rs0.38m.

In 2013, the worth of his assets was Rs 14 million, which grew to Rs 33.3 million in 2014. He then became a billionaire in 2015, placing the value of his assets at Rs 1.33 billion.

The value of his 300-kanal residence in Banigala is Rs750 million and is declared as a “gift” with the ECP. The PTI chief’s Khan House is priced at Rs5.9 million, while he has claimed that the boundary wall of his Banigala estate is worth Rs6.9 million.

Mr Khan’s family home in Lahore’s Zaman Park area has been put at Rs29 million. The PTI chief has also invested over Rs40 million in various schemes, owns furniture worth Rs0.6 million and four goats worth Rs0.2 million.

Mr Khan has also joined the club of carless lawmakers, since the statement shows he sold the last vehicle registered in his name in 2016.

Considerable properties are held by Mr Turi, the MNA from Parachinar, who has commercial and residential properties in Kurram Agency and Islamabad worth around Rs1.44 billion, and other assets worth around Rs19.78 million, including 32 semi-automatic and automatic weapons.

Mr Abbassi has major shares in the largest private airlines of the country worth Rs900 million, and land worth Rs400 million. Excluding a loan of Rs30 million, the net worth of the minister is around Rs1.29 billion.

Another PTI legislator, Khayal Zaman, is worth more than Rs1.89 billion, and has a loan worth Rs450 million in UAE, and properties there worth more than Rs880 million.

PTI strongman Jahangir Tareen, whose aircraft is regularly used by the PTI leader, has a net worth of only Rs781 million and his shares in JDW Aviation are worth just Rs3.75 million. But his wife, Amina Tareen, is worth Rs172.61 million.

Senators

Among members of the upper house, Finance Minister Ishaq Dar approximately owns assets worth around Rs583.7 million. He has investment worth Rs325 million in Pakistan Investment Bonds, including defence saving certificates.

Jamaat-i-Islami emir Siraj-ul-Haq is amongst the parliamentarians who owns the least assets and have a negligible monetary worth. Mr Haq has nothing other than cash deposits in two banks, which contain only Rs439,472 and Rs2,021,156 in cash.

Other than these assets, he owns agricultural land of unknown value and jointly owns 12 kanals of land, which is also not valued.

JUI-F’s Abdul Ghafoor Haideri, the Senate deputy chairman, owns a house in Kalat worth Rs500,000 and a plot in Gwadar worth Rs150,000. He also owns a 20-marla plot in Bhara Kahu worth Rs500,000 and one plot in the Senate Avenue Housing Society, whose value is not mentioned.

Comments (28) Closed

The sudden increase in properties raises eyebrows. All need properties need scrutiny to make these public

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zohaib

Jun 16, 2017 08:30am

Rich leaders of poor people

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Zee

Jun 16, 2017 09:04am

Honest Imran khan doesn't even have a car in his name, baychara...

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Ali

Jun 16, 2017 09:13am

"The Sharif family’s estate in Raiwind is priced at Rs4m" Difficult to agree.

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Hussain

Jun 16, 2017 09:47am

So Imran khan and his party members are in the same board as PMl n and ppp.

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Mohammad Anjarwala

Jun 16, 2017 09:52am

More then anything I am worried about only 2 things

Nawaz Sharif Raiwand residence is worth 4 million, that makes him live in a below standard house as these days its not possible to buy even a 2 bedroom house for 4 million in Lahore. Govt must provide NS with a reaeonable residence.

JKT doesn't have any declared sugar mills and is worth just 78 crore. The man who controls sugar prouduction in Pakistan has such a meagre net worth.
Surprising.

Bonus point
No body has ever gifted me even a toy car let alone a car worth 10s of million.
Wish i was this lucky to be gifted everything from properties to luxury cars

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Katy

Jun 16, 2017 10:39am

Unbelievable - IK worth... a commonality - "GIFT" culture... all are same... no one is clean... Im sure....

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haider

Jun 16, 2017 10:42am

This is all a lie. They are all worth much more than that.

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Ghous

Jun 16, 2017 11:02am

Can someone compare the Tax that these individuals are paying against their wealth

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Ali

Jun 16, 2017 11:08am

Nawaz Shari is worth billions of DOLLARS not rupees. All stone money

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Talha

Jun 16, 2017 12:11pm

How did imran khan become a billionaire so quickly? That too when his party is in power in kpk. I thought he had no income..

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Shakeel Ahmed

Jun 16, 2017 12:19pm

These are just fictitious figures which honestly should not fool the public, if the estate in Raiwind is Rs 4.0m for example is to be believed.

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Benjamin

Jun 16, 2017 01:08pm

@Shakeel Ahmed : I believe you did not oboe these declarations but still consider it necessary to comment. In income tax records, one needs to declare assets at cost and the land in Raiwind was nothing 30 or 50 years before. In my own tax statements, I see a huge gap between cost n market values but that's how the legal requirements are. Just do not comment without understanding....

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Azmeen

Jun 16, 2017 01:10pm

A question that warrants investigation: How IK became billionaire within past few years? I want to learn that magic way to increase worth of my assets.

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Sab se pehle pakistan

Jun 16, 2017 01:22pm

It is like comparing honesty with corruption and everyone knows Imran Khan is a honest man.

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israr

Jun 16, 2017 01:25pm

no comparison between ik and nawaz, ik net worth has increased over 4 years to be 1.32bn and that is due to his bani gala property value increased to .75bn whereas Nawaz has said his residence is not his property hahaha and still he is worth at 1.72bn which is 40 caror more than IK and if you take .75bn out of the equation then its a massive difference of 1.15 bn more to Nawaz, the cunning Nawaz did not declare his house in his name meaning he is HOUSELESS the PM with Billionaire sons and daughter and Billionaire brother and cousins is houseless ... Ik for those who do not know has income coming from his agriculture land and royalty like the programme he did on indian tv in wc so similar programs like that. However since Nawaz has mentioned the sugar mill as pm of Pakistan how can u also draw salary as sugar mill employee that's not allowed by law sc should take notice as ecp is sold out, .75bn out of 1.32 of ik is his residence so I say its ok understandable

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umair

Jun 16, 2017 02:22pm

IK saab aap bhi!!!

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Bilal

Jun 16, 2017 02:29pm

Someone please tell me how can I buy Raiwand like palace for only Rs. 40 lacs (4m)??

Me and my generations will pray for your prosperity.

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Bilal

Jun 16, 2017 02:29pm

Someone please tell me how can I buy Raiwand like palace for only Rs. 40 lacs (4m)??

Me and my generations will pray for your prosperity.

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Z Khan

Jun 16, 2017 02:40pm

@Talha Until this year value declared to ECP were purchase prices if any at the time of purchase. Whereas from this year two values are declared the purchase price & market value. Some newspapers are making this clear to misgude public. Hope this helps

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ABE

Jun 16, 2017 02:48pm

@Bilal - Very easy. Become a politician or join PML-N.

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Hasnain Haque

Jun 16, 2017 02:49pm

In all honesty, they way this list is done makes no sense to me. So Mr Sharif relies on his son for support, come on guys, you dont need to be a professor to work this one out.

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Fawzia H

Jun 16, 2017 02:53pm

If Imran doesn't have a car in his name, than it must be under someone else's name. Even worse.

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Saeeds

Jun 16, 2017 07:47pm

@Benjamin Everyone need to understand your simple definitions. That the law of tax work every where in the world.

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RIZ

Jun 16, 2017 09:45pm

Sharif and Zardari are billionaires thanks to the money they have stolen from Pakistan. I would blame Pakistani people for this too as they are keep electing them and not opening their eyes. Can't they see that their kids don't even want to live in Pakistan and the only way they will come if they will have a chance to be the next PM. God knows when people will think about their own families and will realize that they deserve better life.

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Shafiq Shah

Jun 16, 2017 11:10pm

The Sharif family’s estate in Raiwind is priced at Rs4m. Tell us about the current market value of the property. If you think it is Rs.4 million. I am ready to pay Rs.10 million.